Sri Lanka Telecom (SLT) Group reported a significant profit after tax of Rs. 2.00 billion for the quarter ending 31 March 2025, a sharp increase from Rs. 156 million a year earlier. This performance was driven by tighter financial management, improved operational efficiencies, and revenue growth.
Group revenue rose 3.4% year-on-year to Rs. 27.85 billion, mainly due to stronger contributions from Mobitel, the group’s mobile unit, while revenue from SLT PLC remained relatively stable. The group’s cost optimisation initiatives resulted in a 2.9% decrease in operating expenses to Rs. 710 million, contributing to a 13% increase in EBITDA to Rs. 10,443 million.
At the company level, SLT PLC achieved a marginal 0.7% revenue growth to Rs. 117 million, driven by enterprise, SMEs, and broadband growth. The company also achieved notable cost reductions, including a 38.3% decrease in electricity expenses due to tariff reductions and a 22.7% drop in vehicle and fuel costs.
SLT PLC’s profit after tax (PAT) grew by an impressive 369.9%, reaching Rs. 1,344 million, while profit before tax (PBT) surged by 380% to Rs. 1,920 million. Operating profit also increased by 60.3% to Rs. 2,538 million.
Mobitel demonstrated strong financial performance, reporting Rs. 11.8 billion in revenue, driven by growing demand for digital connectivity and data services. EBITDA increased by 28.5%, and operating profit improved by 392%, with a 7% EBIT margin. The company moved from a net loss in Q1 2024 to a net profit of Rs. 477 million.
The SLT Group highlighted that the solid performance in Q1 2025 serves as a strong foundation for continued growth as it progresses with its digital transformation, delivering innovative solutions to meet customer needs.
